Payments, Alternate Solutions Group, Summer 2027 Associate

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you’ll be doing

Join the Alternate Solutions Group (ASG) as a Student Associate and make a real difference for our clients. Founded in 2013, ASG is an innovative team within the Payments division of CIBC Capital Markets, focused on developing technology-driven solutions across foreign exchange, payments, and money movement. We combine the entrepreneurial mindset and agility of a FinTech with the scale, expertise, and governance of a leading global financial institution.

You will be part of a team focused on developing market-leading foreign exchange and cross-border payment solutions that help clients move money globally, efficiently, and securely. Working alongside experienced professionals, you will support product development, business strategy, and client engagement initiatives across a diverse client base, including financial institutions, corporations, public sector organizations, and CIBC's retail banking network.

You will be placed in our Global Payment Services (GPS) team, where you will focus on product development, performance analysis, project execution, and improving ASG’s product capabilities. Throughout your term, you will work closely with stakeholders across Capital Markets, Payments, Technology, and Operations, while contributing to meaningful projects that support ASG's strategic growth objectives.

At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you’ll be on-site full-time.

The expected annualized base salary for this role is $125,000

The base salary is determined by a variety of factors, including the candidate’s skills, experience, and job-related knowledge, as well as geographic location and specific business needs. Our compensation philosophy supports ongoing growth and development, enabling progression within the salary range as team members advance in their roles.

We are committed to providing fair, equitable, and competitive compensation opportunities for all employees, and we encourage open conversations about compensation throughout the recruitment process.

Important information

You are enrolled in a master's degree in commerce, Economics, STEM (Science, Technology, Engineering or Mathematics) or related program at the time of the internship, with a graduation date no earlier than December 2027.

Candidates with a technical master’s degree (e.g., Mathematics, Engineering, Computer Science, etc.) are highly valued, as well as those with strong analytical skills and relevant experience from non-STEM backgrounds.

Include your resume, cover letter, and your most recent unofficial transcript with your application. These should all be uploaded into the resume section of your application in a PDF format in one single document.

Location: Toronto.

Duration of Work Term: 4 months (May 2027 – August 2027). Applications are reviewed on a rolling basis; we encourage you to apply as soon as possible.

How you’ll succeed

Passion for financial markets – Demonstrate strong technical, quantitative, and analytical skills, with keen interest in the financial markets and proven record of academic success, teamwork and extracurricular involvement.

Communication – Partner with your team to make an impact by applying a technical skillset to help generate insights and/or optimize processes. Showcase highly effective written, oral and presentation skills with an ability to explain complex concepts in a simplified way.

Business analysis - Formulate solution scope and objectives to meet the business need and validate requirements, testing, training and implementation of applications.

Project management – Ensure execution of project control procedures and policies within a number of unrelated large projects.

Reporting, analytics and research - Analyze business opportunities and present recommendations to address through analysis, reporting and research.

Who you are

You have demonstrated interest in Capital Markets. You’ve built a strong knowledge of Capital Markets, FinTech and the financial services industries which allows you to analyze complex issues and identify & develop innovative opportunities, with a focus on FX & payments.

You give meaning to data. You enjoy investigating complex problems and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

You’re digitally savvy. You are proficient in MS-office suite of tools (Excel, PowerPoint, Word, etc.) and are able to use them for financial modeling, presentations and technical project documentation.

You’re passionate about staying up-to-date with emerging technologies . Experience with Salesforce, Python, Power BI, and courses in Artificial Intelligence are preferred.

You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.

You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.

Values matter to you. You bring your real self to work, and you live our values – trust, teamwork and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.

We work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs and MomentMakers, our social, points-based recognition program.

Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

*Subject to program terms and conditions

What you need to know

CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit

We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Expected End Date

2027-08-20

Job Location

Toronto-141 Bay, 11th Floor

Employment Type

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Business, Financial Services, Leadership, Microsoft Excel